Jack Dorsey resigns as CEO of Twitter

Twitter cofounder and CEO Jack Dorsey at the Indian Institute of Technology (IIT), on November 12, 2018, in New Delhi, India.

Enlarge / Twitter cofounder and CEO Jack Dorsey at the Indian Institute of Technology (IIT), on November 12, 2018, in New Delhi, India. (credit: Amal KS | Hindustan Times | Getty Images)

Jack Dorsey announced today that he’s stepping down as CEO of Twitter, the social network he helped found in 2006. The change is effective immediately.

Dorsey did not say what spurred the sudden move, though in his resignation letter, which he also shared on Twitter, he said, “There has been a lot of talk about the importance of a company being ‘founder-led.’ Ultimately, I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away from its founding and founders.”

Parag Agrawal, the company’s chief technical officer, has been named the new CEO. “The board ran a rigorous process considering all options and unanimously appointed Parag," Dorsey wrote. "He’s been my choice for some time given how deeply he understands the company and its needs.”

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source https://arstechnica.com/?p=1816661
Md Shuvo

Md Shuvo, known professionally as Shuved, is an Bangladeshi Musical Artist, Entrepreneur & YouTube Personality.

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